Insight into Adaptive Insights
October 01, 2015
Insight into Adaptive Insights
Score 9 out of 10
Vetted Review
Verified User
Modules Used
- Planning
- Discovery
Overall Satisfaction with Adaptive Suite
Our department was the first on campus to implement Adaptive Insights. Our campus does not provide a budgeting tool for finance units other than Excel. As a complex organization comprised of multiple units, we needed a budgeting tool that could provide more stability than Excel, had version controls, and gave us better insight into the budgets, forecasts and metrics of our organization. Since implementing in our department, several other departments on campus have implemented and it is being reviewed as a tool on a much larger scale.
- The original reason for wanting to make the switch from Excel to a budgeting tool was to correct the issue of broken formulas in financial reporting. Adaptive Suite provides that kind of security.
- Another important distinction of Adaptive Suite from Excel is version control. You don't have to be concerned that someone is looking at the wrong version of "the truth" when using Adaptive Suite. There are versions and security you can administer to control that.
- Financial reporting has been taken from a days to weeks long process down to hours. We have many reports we had to manually update monthly that are now the click of a button in Adaptive Suite.
- The formulas in Adaptive Suite are less easy to use than Excel. It's a bit of a different language to have to learn.
- The language used in the program-levels, dimensions, sheets, etc. is also another language to learn and has to be translated correctly to communicate with others in the organization.
- We often have trouble with Java in Adaptive Suite. However, I think that is being phased out.